(+) LOAN UPTAKE MAY NOT IN­CREASE

With the CBR be­ing 10 per cent, the lenders are re­stricted to a max­i­mum of 14 per cent in­ter­est charge on loans, and re­quired to pay a min­i­mum in­ter­est of seven per cent on term de­posits. The drop in in­ter­est from an av­er­age of 17.7 per cent in Au­gust may, none­the­less, not be an ob­vi­ous cat­a­lyst for in­creased uptake in credit.